The RoboForex brand is operated by the RoboForex Group and is located in Belize. RoboForex started operations in 2009 and has grown in size and capacity. The brand offers several trading instruments that include Forex, Stocks, Indices, ETFs, Commodities, Energies, Metals and Cryptocurrencies. They also offer cutting edge platforms. RoboForex has more than 800,000 customers from 169 countries. They are a trading desk and a Non Dealing Desk broker, offering ECN and STP trading accounts through their platforms. This means a different payment model for you, the merchant, for example. lower spreads for ECN accounts with some commissions payable.
Trading features with RoboForex include:
• Spreads tight from 0 pips.
• Micro accounts with a minimum size of 0.01 lots
• Various trading platforms, including MT5, cTrader and R Trader.
• Various promotions and bonuses.
Regulated broker with security and insurance for customer deposits.
RoboForex is the official sponsor of Andrei “Bullet” Kulebin, 18 years of Muay Thai and world champion in the Republic of Belarus kickboxing.
Review of conditions for traders
In total, more than 9,000 financial products and 8 asset classes are in the broker’s portfolio. This makes a good impression for us, because only a few other brokers in this category offer such a wide range. With 5 trading platforms, the broker is also very broad.
RoboForex offers different models of personalized accounts according to the trader’s request (read more on this page). With higher deposits (€ 5,000), you can, for example, get cheaper rates when trading on the Prime Account. There are 7 different currencies in the account available. Another great advantage is that you can create an account and create multiple business accounts within it. Transferring funds is very easy.
The best conditions for traders:
• Trade over 9000 products across 8 asset classes (stocks, commodities, forex, CFDs, cryptocurrencies and more)
• 0.0 pip spreads and 6 different account templates
• Maximum leverage 1: 2000
• Protection against negative account balance
• No deposit and withdrawal fees (20 different payment methods)
• Scalping and Expert Advisors are allowed
• There is a social negotiation platform of its own
• Bonus program
In summary, fees and costs of trading compared to other providers in the low range. In addition, RoboForex scores with free and automatic cash withdrawals. In my experience, this broker is the one with the best offer for private traders.
How is Roboforex the trading experience?
1) Platforms and applications
Roboforex is one of the few brokers that offer both MetaTrader platforms: MT4 and MT5. To see the comparison between the two platforms, you can read our comparison of MT4 vs MT5 here. Roboforex is one of several brokers that offer the cTrader platform developed for traders looking for an STP / ECN solution. For a list of forex brokers offering the cTrader platform, see our comparison of cTrader brokers. The combination of downloadable platforms for both Mac and Windows allows traders to use the device of their choice.
Roboforex also provides applications for Android and iOS, making it easier to monitor and execute your trades while on the move.
2) Execute Negotiations
Roboforex allows you to execute a minimum trading of 0.01 Lot. This can vary depending on the account you open. Roboforex allows you to execute a maximum of 100 Lot trading. Since Roboforex offers ECN and STP execution, you can expect very fair spreads with more transparency about the price you are paying to execute your trades.
As a market maker, Roboforex may have lower entry requirements compared to an ECN broker that benefits from a higher volume of trading and typically has more capital and minimum trading requirements. Market makers typically have lower minimum deposits, lower minimum trading requirements and have no commissions on trades.
As with most brokers, margin requirements vary depending on the trader, the accounts and the instruments. Finally, we have listed some of the most popular financing methods that Roboforex offers its traders below.
• Trading Functions:
• Allows scalping
• Allows coverage
• Offers STP
• Min deposit low
• Accounts made available:
• Demo account
• Micro account
• Mini account
• Normal account
• Zero spread account
• ECN account
• Islamic Account
• Financing methods:
3) Customer support
Roboforex supports a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian.
Roboforex has a BrokerNotes support rating of AA because Roboforex offers more than three languages telephone and email support.
4) What you will need to open an account with Roboforex
Since Roboforex is regulated by IFSC Belize, all new customers must undergo some compliance checks to ensure that they understand the risks of trading and are allowed to trade. When you open an account, you will probably be asked for the following elements, which you may already have on hand:
• A color copy of your passport, driving license or national identification document
• A service bill or bank statement for the past three months that contains your address
• You will also have to answer some basic compliance questions to confirm your level of trading experience, so it is best to take at least 10 minutes to complete the account opening process.
Although you can explore Roboforex’s platform immediately, it is important to note that you will not be able to do any negotiations until you pass the compliance check, which can take up to several days, depending on your situation.
Users of the represented broker, analyzing the technical side of the issue, may not be concerned with this. For customers’ convenience, MetaTrader 4/5, cTrader, R Trader and the RoboForex application are used, which allows you to work virtually anywhere in the world where there is an Internet. All operations are carried out quickly and unequivocally, no one complains about the slow transfer of information, which in this area generally plays a fundamental role.
All investments of the company’s customers are stored in accounts specially generated in well-known banks, with an excellent reputation of financial and credit institutions that always fulfill their obligations. This means that you can demand withdrawal of funds from your deposit at almost any time (but according to the contract with the broker). Today, this method is the most reliable method to protect investments from attacks by third parties.
But most traders consider the main condition for the broker’s reliability – the regulation of his activities by a specialized organization, which is a state structure or operates under similar rules and requirements.
This company has licenses:
• IFSA Belize;
• The Financial Commission (an authorized company that resolves disputes between broker and traders);
• Regulatory Compensation Fund;
• Cyprus Securities and Exchange Commission;
• And the company is included in the Clearing Fund, which allows traders to receive payments in the event of the broker’s insolvency (it is a matter of any amounts other than deposits that are kept in the accounts of known banks).
The list listed is serious proof of the company’s reliability. For more experienced traders, just create an account at RoboForex and earn money, both in commerce and in other profit-making channels (deductions from partners).
roboforex payment system
Judging by RoboForex customer reviews, each user can enter / withdraw almost any currency using: debit or credit bank cards, transfer from a financial institution, Webmoney, RBK Money, Handy Bank, QIWI, Assistance, CashU.
It should be clarified that if the database listed is relevant today, there is no guarantee that tomorrow it will not be changed, for better or for worse.
RoboForex also doesn’t have an exceptional desktop version of the site, but it also allows traders the convenience of trading on the go, thanks to the development of incredible mobile apps that can be downloaded on mobile devices and tablets. Traders interested in the RoboForex mobile app simply need to visit the “Download Center” section of the website and choose between MT4 or MT5 trading platforms that can be downloaded on Android or iOS devices. Alternatively, users simply need to visit the Apple App Store or Google Play Store to download the mobile apps for iOS and Android devices, respectively. Some of the most notable features in mobile apps include one-click trading, algorithmic trading, fundamental analysis and many innovative trading tools.
RoboForex provides three main trading accounts, including ECN, Cents and Standard. Standard accounts offer two different formats, including Pro-Standard and Fix-Standard. The main difference between the two Standard accounts is that traders can enjoy fixed spreads in the Fix-Standard account, while floating spreads can be enjoyed in the Pro-Standard account.
Traders will also find two formats when it comes to Cents accounts, namely Pro-Cent and Fix-Cent. They come equipped with the same benefits as the Standard account, but with a lower margin requirement. Traders will also need to choose between two ECN accounts, such as ECN-Fix Spread NDD and ECN-Pro NDD. The ECN-Pro account comes with floating spreads and commissions, while the ECN-Fix Spread account is commission-free and offers fixed spreads.
Forex Educational videos from ‘Claws and Horns’ introduces forex to new traders on Roboforex. There are also tutorials on registration of accounts, as well as how to download and use the various platforms. In order to access the content such as educational videos you will need to first register with RoboForex. The videos cover a range of trading topics for all levels of trader
RoboForex is regulated by the IFSC and provides adequate security of investor funds. The brand’s cutting edge platforms are great for every level of trader. Trading charges are low with access to trade over 6,000 instruments. The multilingual customer support desk provides fast, and efficient service. Customers are rewarded with bonuses and are also provided with technical analysis, market news and signals. RoboForex can be described as a good and efficient brokerage brand.
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